First quarter 2022

Historic energy consumption and high exports push Hydro‑Québec’s quarterly net income above $2 billion

For the first three months of 2022, Hydro‑Québec posted net income of $2,062 million, up $421 million over the $1,641 million recorded for the same period in 2021. This increase is mainly due to higher sales revenue, both in and outside Québec, which was partially offset by an increase in short‑term purchases on electricity markets to meet ad hoc requirements resulting from cold winter temperatures.